More unemployed people get jobs

Unemployment continues to rise – on the other hand, more unemployed people got jobs last month, compared to the same period last year. This is shown by new figures from the Employment Service.

» Updated:

» Published:

More unemployed people get jobs
Photo: Johan Nilsson/TT

Share this article

Unemployment continues to rise – on the other hand, more unemployed people got jobs last month, compared to the same period last year. This is shown by new figures from the Employment Service.

Nearly 348,000 people were registered with the Employment Service at the end of June. This is almost 26,000 more than the same period last year.

Unemployment has thus risen from 6.1 percent to 6.6 percent in one year.

And it is expected to increase for the rest of the year as well, says Emil Persson, labor market analyst at the Employment Service.

The whole of 2024, we expect a weaker labor market, and the turnaround will come in pace with the economy strengthening, in 2025.

Layoffs decrease

The highest unemployment rate is in Skåne with 9.9 percent, followed by Södermanland County with 8.5 percent. And it is increasing in most counties. The lowest unemployment rate is in Västerbotten County with 3.5 percent.

The number of long-term unemployed is also increasing, i.e., those who have been without a job for a year or more. It increased by nearly 3,000 people, compared to the same period last year, and is now at over 140,000 people.

On the other hand, the number of layoffs is decreasing – compared to a year ago. Over 4,500 people were laid off during June, and the corresponding figure last year was over 5,300 people.

But there is a risk that it will increase going forward, according to Emil Persson.

In the spring, the number of layoffs has been higher than normal, and the weaker labor market means that there is a risk that we will see more layoffs even in the fall.

Turnaround in early 2025

It is also more unemployed people who have gotten a job. In June, there were over a thousand more who started a job than a year ago. From over 29,500 to nearly 31,000.

But this does not change the picture that we see that the labor market is weaker. We expect that the turnaround will come later, says Emil Persson.

TT: So when will it be easier to get a job?

The first half of next year will likely be somewhat easier. However, the assessment is still characterized by great uncertainty.

Emil Persson also adds that it will take time before we are back at the same unemployment level as before the recession.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

USA Welcomes Foreign Workers Amid Investment Concerns

USA Welcomes Foreign Workers Amid Investment Concerns

Government Boosts Support for Sweden's Regional Airports

Government Boosts Support for Sweden's Regional Airports

Klarna CEO: Embracing "Swedishness" as a Key Asset

Klarna CEO: Embracing "Swedishness" as a Key Asset

Handelsbanken Swish Payment Disruption Resolved

Handelsbanken Swish Payment Disruption Resolved

Government Proposes Increased Export Credit Guarantees for Swedish Companies

Government Proposes Increased Export Credit Guarantees for Swedish Companies

AstraZeneca Halts UK Research Facility Expansion Plans

AstraZeneca Halts UK Research Facility Expansion Plans

Princess Madeleine's Skincare Brand Launch Draws Lukewarm Interest

Princess Madeleine's Skincare Brand Launch Draws Lukewarm Interest

Länsförsäkringar Swish Payment Issue Resolved

Länsförsäkringar Swish Payment Issue Resolved

Blind Box Trend Raises Concerns Over Consumer Behavior and Spending

Blind Box Trend Raises Concerns Over Consumer Behavior and Spending

France's Credit Rating Downgraded by Fitch

France's Credit Rating Downgraded by Fitch

Microsoft Gains Amid Mixed US Market

Microsoft Gains Amid Mixed US Market

FTC Investigates Google and Amazon Over Advertising Practices

FTC Investigates Google and Amazon Over Advertising Practices

US Proposes G7 Tariffs on China and India Over Russian Oil Purchases

US Proposes G7 Tariffs on China and India Over Russian Oil Purchases

Taco Bell Plans Expansion into Sweden with First Stockholm Location

Taco Bell Plans Expansion into Sweden with First Stockholm Location

Russia's Central Bank Makes Smaller Than Expected Interest Rate Cut

Russia's Central Bank Makes Smaller Than Expected Interest Rate Cut

ECB Officials Divided on Future Interest Rate Decisions

ECB Officials Divided on Future Interest Rate Decisions

Klarna CEO Secures Billion-Kronor Loan to Buy Out Co-Owner

Klarna CEO Secures Billion-Kronor Loan to Buy Out Co-Owner

Six Suspects in Consultant Scandal Face Charges After Spain Raid

Six Suspects in Consultant Scandal Face Charges After Spain Raid

Microsoft to Remove Teams from Office Package in EU Agreement

Microsoft to Remove Teams from Office Package in EU Agreement

UK Economy Growth Stagnant in July as GDP Remains Unchanged

UK Economy Growth Stagnant in July as GDP Remains Unchanged